Form 4 for FSLY Fastly, Inc.
Accepted 2023-11-17 00:00:00 ET · period of report 2023-11-15 · accession 0001517413-23-000338 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-11-17 | 2023-11-15 | FSLY | KISLING RONALD W | CFO | M - OptEx | — | +57.5K | 517.7K | +12% | — |
| D | 2023-11-17 | 2023-11-16 | FSLY | KISLING RONALD W | CFO | S - Sale+OE | $16.24 | -48.1K | 469.6K | -9% | -$781.9K |
| D | 2023-11-17 | 2023-11-15 | FSLY | KISLING RONALD W | CFO | M - OptEx | $0.00 | -57.5K | 172.5K | -25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-11-15 | M | A | 57,500 | — | 517,721 | D | — | — | (F1) Reflects the conversion of previously granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 57,500 of the 230,000 PRSUs vested based on the achievement of a performance condition (Issuer's Class A Common Stock achieving a sixty-day consecutive trailing average closing price of $17.25 per share). |
| 2 | Common | Class A Common Stock | 2023-11-16 | S | D | 48,149 | $16.24 | 469,572 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.13 to $16.32. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4. |
| 3 | Derivative | Performance rights | 2023-11-15 | M | D | 57,500 | $0.00 | 172,500 | D | — · — to — | 57,500 Class A Common Stock | (F6) Represents the maximum number of shares remaining that may be issued pursuant to the PRSUs. (F1) Reflects the conversion of previously granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 57,500 of the 230,000 PRSUs vested based on the achievement of a performance condition (Issuer's Class A Common Stock achieving a sixty-day consecutive trailing average closing price of $17.25 per share). (F4) One fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $17.25 per share (with the earliest such vesting date being November 15, 2023, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $23.00 per share (with the earliest such vesting date being November 15, 2024, including if the performance condition is satisfied before such date); (F5) one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $34.50 per share (with the earliest such vesting date being November 15, 2025, including if the performance condition is satisfied before such date);one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $46.00 per share (with the earliest such vesting date being November 15, 2026, including if the performance condition is satisfied before such date). Any unvested tranche will be forfeited if the applicable market price is not achieved on or before September 6, 2027. |